The sun. [volume] (Morris, Stevens County, Minn.) 1882-1895, 1887-07-07
aood Prospects for Trade.

R. G. Dun & Co., OF New York in their
weekly review OF trade on the 25th says:
The failure OF the Fidelity bank OF Cincin.
natl is the natural fruit OF the wheat cor
ner, but has disturbed business during the
past week quite extensively. The pros
pect that depOsitors may recover nothing,
that more than eight other banks which
deposited there will have losses to bear
and that the fraudulent rehypothecation
OF colaterals for loans will entangle the
resources OF many who had nothing to do
with the wheat opera ton, makes the dis
turbance felt in many quarters. The
withdrawal OF funds from New York to
meet i'm mediate needs at the West has
caused temporary stringency here, which
spectators have magnifed, but foreign ex-
change il so near the shipping point and
the supply OF unused funds abroad is so
large that relief would come quickly il
needs here should become serious. More
over large disbursements by the treasury
in July are now close at hand. In the half
yearly settlements, in the struggle to
liqudate enormous speculations, there
may be some pressure for money during the
remaining days Of June, At nearly all
other points money is reported in good
supply. General reports OF business at
nearly all points are highly encouraging
and the Increasing prospect OF good crops
adds TO the prevailing confidence. Collec-
volume OF business good for the season.
At Racine, Wis. a sensation was caused
by the issuance by an ex.alderman and
prominent citizen OF $50 invitations for
the celebration on the Both inst, OF the
death OF his wife. The lady died last
spring 1t is reported that the man has
bought 500 worth OF fireworks to be used
in the celebration
One OF the best known young attorneys
OF Pierre, Oak, Thomas J. Wolfe former
IL Of Sioux Falls died after Il few weeks
sickness. He leaves q large fortune The
body will be forwarded to Sheboygan, Wis.
Hon. Freeman Clark died in Rochester,
n y, aged 70 years He was a representa-
tive in the Thirty -eighth, Forty-second and
Forty third congresses, and was appointed
in 1860 controller of the currency by Pres-
dent Lincoln.
The trial of Chef Smith, the dramatic
agent who has been acting as a procurer
for the vile dens OF Hurley, Wis, reached
an ending in Chicago. Hewas found guilty,
and sentenced to one year in the peniten-
tiary. The prosecution was conducted by
the humane society.
The period OF grace gran ted DR.. McGlynn
OF New York has about expired, and he
has made no sign OF submission. 1t is
stated that the pope without further de-
lay formally excommunicate him.
Fire broke out in Gould & Curry m Inc,
Nevada All the miners esca ped with the
exception OF six employed on the fifteen
hundred level in the Best & Belcher mine.
Signals from them have ceased and it is
feared that they have persisted.
Miss Clara Foltz. known to fame as the
lady lawyer OF the Pacific coast, has be-
come the editor OF the San Diego Gal. J
Daily Bee.
Adjt. Gen Drum is not OF English birth.
He was born in Greensburg, Westmoreland
county, Pa.
Judge Aaron Gooricb died in St. Paul
recently.
At St. Lohis, the extensive cnaln and
hame mandatory OF Misdorff Krein Il
Co. was burned Loss, 500, 900; insurance,
$4,000.
The action OF the United States authori-
ties in taking the names OF Canadians en-
ployed on the American side as they pass
over the bridge causes great indignation
at Niagara Falls.
At Miles City, Mont, the lumber yard,
warehouse and office buildings OF T. j.
Bryan q Co., were destroyed by fire.
Some employees Of the Manitoba Rail-
way company were arrested at Peters
burg, OAK, on complaint OF Attorney
johnson OF that place for working Sun
day, in violation OF the Sunday statute.
Numerous actions have been brought
torney, presumabie in retaliation for an
alleged injustice done him some time ago.
At Jackson Mich, Mrs. William p. Hea.
ton, wife OF the editor OF the Daily Cour-
ier and her sister publicly whipped